2, MERION GROVE, LITTLEOVER, DERBY, DE23 4YR - £540,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MERION GROVE is a very large extended detached house of 208m², built sometime between 1996 and 2002, which could now be worth an estimated £797,897. It was last sold for £540,000 in June 2015, which was around 156% above the average June 2015 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was C.

2 MERION GROVE Sold Prices

Land registry data shows six sales for 2 MERION GROVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the six 2 MERION GROVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 22 JUN	£540,000	£211,304	156% above HPI
2006 19 DEC	£535,000	£202,453	164% above HPI
2004 12 NOV	£470,000	£190,623	147% above HPI
2004 30 JAN	£445,000	£165,116	170% above HPI
2003 14 MAR	£427,500	£137,104	212% above HPI
2001 20 APR	£350,000	£86,935	303% above HPI

2 MERION GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The six 2 MERION GROVE sales between April 2001 and June 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2006 sale was for 164% above the HPI. So the extrapolation line tracks at 164% above the HPI over time, until the June 2015 sale, where it falls to 156% above the HPI. The line then continues to track at 156% above the HPI.

What might 2 MERION GROVE be worth now?

2 MERION GROVE might now be worth an estimated £797,897.

This is based on house price inflation of 47.8%, between June 2015 and March 2025, for detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.8% inflationary increase is applied to the most recent sale price for 2 MERION GROVE of £540,000 on 22nd June 2015. For the value to have increased from £540,000 to £797,897 over the ten years and three months to March 2025, the following assumptions must hold true:

• The value of 2 MERION GROVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The June 2015 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERION GROVE has not materially changed since June 2015.

How Large is 2 MERION GROVE?

2 MERION GROVE is 208m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 10% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 2 MERION GROVE lies on this distribution: 96% of detached houses houses are smaller than 2 MERION GROVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 MERION GROVE: Plot and Title Map

2 MERION GROVE sits on a plot of roughly 0.195 of an acre, or 791m². The below map shows the location of 2 MERION GROVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MERION GROVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MERION GROVE?

2 MERION GROVE is located in LITTLEOVER, in the DE23 postcode district. The below map shows the position of No. 2 on MERION GROVE.